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Laos welcomes investment from Chinese enterprises in the country and will create favorable environment for them, he said.

"The reform will reinforce the current performance of the economy, allow the market to play a decisive role, and eventually sustain momentum of its future development," said Rani Jarkas, chairman of Hong Kong-headquartered financial services firm Cedrus Investments.

The United States "rebalancing toward the Asia-Pacific" strategy and Philippine initiation of the South China Sea arbitration also came before China's island reclaiming, she said.

The rise of populism in European and American countries that are now facing tremendous economic difficulties has taken the form of protectionism in external trade, Zheng noted.

The summit was a milestone event in the history of China-Africa relations and cooperation, mapping out a blueprint for China's long-term cooperation with Africa, said the ambassador.